Financial Wellness: Your satisfaction with current and future financial situations.
There are many definitions of what constitutes being financially well, but overall, the Financial Wellness Dimension involves things such as income, debt, and savings, as well as a person’s understanding of financial processes and resources. Satisfaction with your current financial situation and future prospects also come into play.
Financial Wellness Practices include:
Working in a job that you enjoy and sustains your life.
Banking & saving to support life goals. Taking time make certain your accounts are balanced.
Preventing debt by establishing a budget and staying within your means.
Retirement planning – thinking ahead! Routinely putting money away in savings and retirement accounts.